Val-U Auto Parts L.L.C.
Val-U Auto Parts L.L.C. is an automotive parts and accessories retailer located in Berlin, NJ, classified under NAICS code 441330. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,349,000, approved on November 6, 2024 by Bank of America N.A. through Empire State Certified Development Corporation.
SBA 504 loan, approved Nov 6, 2024
$1,349,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,349,000
- Bank portion
- $1,650,000
- Estimated project size
- $3,332,222 (estimated)
- Estimated owner equity
- $333,222 (estimated, about 10% of the project)
- Bank lender
- Bank of America N.a., Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 6, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Camden County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 42% of expansion loans in Automotive Parts and Accessories Retailers on this site.
- Average expansion loan in Automotive Parts and Accessories Retailers: $1,798,500.
- Average expansion loan in New Jersey: $2,533,058.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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